rss icon Subscribe
desktop mobile

Singapore Awards Grant to Build LNG Bunker Vessels

© tunach17 / Adobe Stock

Singapore's port authority will provide S$6 million ($4.5 million) to help build two liquefied natural gas (LNG) bunker vessels, in a bid to promote ship-to-ship LNG bunkering in the city-state.

FueLNG, a joint venture between Keppel and Shell Eastern Petroleum, and Pavilion Gas will each receive a S$3 million co-funding grant for the vessels due for delivery in 2020, the Maritime and Port Authority of Singapore (MPA) said on Monday.

The move is part of Singapore's push to maintain its status as leading ship refueling hub in the region.

"LNG is a viable marine fuel solution to meet global environmental regulations such as the International Maritime Organization's (IMO) 0.5 percent global sulfur cap from January 1, 2020," Andrew Tan, chief executive of MPA said.

Coming IMO rules will slash the amount of sulfur emissions that ships worldwide are allowed to burn, with ship owners looking at a range of solutions to meet the new regulations.


($1 = 1.3371 Singapore dollars)

(Reporting by Jessica Jaganathan; editing by Richard Pullin)

Jun 4, 2018

 

LNG

North America’s First LNG Bunker Barge Delivered

Clean Jacksonville is the the first LNG bunker barge built in North America (Photo: Conrad Industries)

The first liquefied natural gas (LNG) bunker barge to be built in North America has been delivered

Hoegh LNG to Supply FLNG Terminal to Australian Import Project

(File photo: Hoegh LNG)

Norway's Hoegh LNG has won a tender to supply a floating LNG import terminal for a consortium

Bangladesh's First FSRU Starts Operations

Bangladesh started operations at the country's first liquefied natural gas (LNG) terminal on Saturday after ironing out teething issues related to technical problems and bad

Finance

S.Korean Shipbuilders Jump over Rising LNG Tanker Prices

© Angelika Bentin / Adobe Stock

South Korea's shipbuilders jump after an industry report notes rising prices of liquefied natural

Norton Rose Fulbright, Citibank on USD 2.2bln Danaos Corp Restructuring

Photo: Danaos Corporation

Global law firm Norton Rose Fulbright has advised Citigroup and other lenders of Danaos on a $2.

Team Tankers Back into the Black

Photo: Team Tankers International

Bermuda-based chemical tanker company Team Tankers International managed to return to

Maritime Apps